Market Overview

Tickers

Articles

Keywords

The Market In 5 Minutes

IN THE NEWS

BENZINGA

Legendary Wall Street investor and hedge fund manager Leon Cooperman has settled insider trading charges filed against him with the SEC, to the tune of $4.9 million, despite claiming he would have won the case: Link

Exelon Corporation (NYSE: EXC), owner of the infamous Three Mile Island nuclear plant in Pennsylvania where a 1979 accident forced the evacuation of 140,000 people, said Tuesday it will shutter the operation for good in September 2019 unless the state bails it out: Link

According to Andrew Left, EXACT Sciences Corporation (NASDAQ: EXAS)'s Cologuard may be a good test, but it's not worth the full $500-$600 cost: Link

THE WALL STREET JOURNAL

Uber Technologies Inc. expects to conclude a report soon on claims of sexual harassment and sexism that it hopes will close a damaging chapter in its history. But it also could bring even greater scrutiny for the troubled ride-hailing company: Link

Steven A. Cohen was once at risk of being banned for life from the hedge-fund industry. Now he is planning a comeback with ambitions to raise more money than he ever has before: Link

REUTERS

Exxon Mobil Corp (NYSE: XOM) has stepped up efforts to persuade investors to vote against climate-related proposals at Wednesday's annual meeting with a campaign of calling, writing and lobbying shareholders in person: Link

China's industrial engine cranked up again in May, reassuring investors worried about slowing growth in the world's second-biggest economy as it grappled with debt risks and tried to shake off a stinging ratings downgrade from Moody's Investors Service: Link

BLOOMBERG

From giant companies like Exxon Mobil Corp. to OPEC members such as Saudi Arabia, oil producers say their industry will enjoy decades of growth as they feed the energy needs of the world’s expanding middle classes. But what if they’re wrong? There’s a host of reasons to think they might be. Here’s what happens when you test their central assumptions: Link

A decision due from the president this week on whether to pull the U.S. out of the deal involving almost 200 nations could have a domino effect on the participation of other countries in limiting fossil-fuel pollution, making it almost impossible and extremely expensive to stop catastrophic climate change: Link

NY POST

Hillary Clinton may have lost the election, but she is still pretty popular among the publishing world: Link

ECONOMIC DATA

The Chicago Purchasing Manager Index for May will be released at 9:45 a.m. ET.

Data on month-over-month Pending Home Sales as well as the Pending Homes Index for May will be released at 10:00 a.m. ET.

The Dallas Fed Texas Service Sector Outlook Survey will be released at 10:30 a.m. ET.

This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here or email minutes@benzinga.com.